Moors & Cabot Inc. Grows Holdings in Aon plc (NYSE:AON)

Moors & Cabot Inc. raised its holdings in Aon plc (NYSE:AON) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,130 shares of the financial services provider’s stock after purchasing an additional 33 shares during the period. Moors & Cabot Inc.’s holdings in AON were worth $406,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AON by 334.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of AON by 43,000.8% during the 4th quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock worth $140,404,000 after purchasing an additional 390,017 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in AON by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after buying an additional 343,592 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in AON in the 4th quarter worth about $86,435,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of AON during the third quarter valued at approximately $79,390,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on AON from $379.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their target price on shares of AON from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler boosted their price target on shares of AON from $372.00 to $384.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Barclays increased their price objective on shares of AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $386.21.

AON Stock Up 1.3 %

Shares of NYSE:AON opened at $399.34 on Friday. The business has a 50-day moving average price of $381.36 and a 200 day moving average price of $368.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $412.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $86.26 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.12 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a net margin of 16.91% and a return on equity of 70.84%. During the same period in the prior year, the business posted $3.89 EPS. Sell-side analysts expect that Aon plc will post 17.21 EPS for the current year.

AON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.675 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s payout ratio is presently 21.33%.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.